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"...public opinion deserves to be respected as well as despised" G.W.F. Hegel, 'Philosophy of Right'

America needs Jobs « Previous | |Next »
October 7, 2011

Is the Occupy Wall Street movement in the US an attempt to change the political climate in the US?

The political context is the failure of Washington to deliver economic recovery and the realization that the US political system is increasingly being run for the benefit of the financial elites on Wall Street.

Occupy-Wall-Street.jpg

There is an absence of proposals--eg., America needs Jobs--- within the movement in spite of a decade in which the American middle class shrank. More jobs are expected to be lost at worst; or not enough jobs created to keep up with normal population growth at best. Maybe the lack of demands is intentional.

Will Occupy Wall Street take a different tack to the Tea Party's recycling the standard right-wing set of demands--lowering taxes on the wealthy, reducing regulations on corporations, and cutting spending on the poor--by demanding repeal of the Bush tax cuts on the rich, stricter financial regulations, more stimulus spending, etc? Will Occupy Wall Street shape the debate over economic policy in the US about the growing inequality?

In the New York Times Paul Krugman outlines how outrageous the story of the US' economic woes is in three acts:

In the first act, bankers took advantage of deregulation to run wild (and pay themselves princely sums), inflating huge bubbles through reckless lending. In the second act, the bubbles burst — but bankers were bailed out by taxpayers, with remarkably few strings attached, even as ordinary workers continued to suffer the consequences of the bankers’ sins. And, in the third act, bankers showed their gratitude by turning on the people who had saved them, throwing their support — and the wealth they still possessed thanks to the bailouts — behind politicians who promised to keep their taxes low and dismantle the mild regulations erected in the aftermath of the crisis.

On the We are the 99 Percent blog we have the personal stories of people who have, seemingly, done everything right but are still struggling with debt, unemployment, and a stagnant future.

| Posted by Gary Sauer-Thompson at 1:47 PM | | Comments (7)
Comments

Comments

Alas the halfwits in the MSM refuse to acknowledge that maybe, just maybe, this is the start of something important.

http://www.creators.com/liberal/jim-hightower.html

Very sixties-ish, even sixty-eightish just now..
The public, like a rabbit stalked by a fox are suddenly alert, when the faux fox has finally erred gratuitously in that stalking.
The internet is a great place for informal gatherings of people who often might not meet up in their day to day existance. For example, since 2007, many who remained sceptical of Bush Cheney Howard policies have met up to exchange notes, to better understand that phenomena.
So it seems the Cartman like behaviours and antics of Wall St, City of London, Chinese, Australian, et al oligarchies has been well observed, compared and consensus confirmed.
In their nature and action, function and consequence, the brats have become destructive.
We look to these folk as we would look to Cartman.
When Cartman is being particularly and egregiously on the verge of becoming destructive, what would a wise person do with him?
Depending on your answer, you can then decide on whether or not the healthy response by a sceptical US public to the fantastical astroturfed T-partying of the last couple of year, deserves recognition or not.
Now, the reality is that Obama is the dominant politician of the era, so far.
But only time will tell if he wants to be, or can be, this era's preminent wielder of genuine statecraft, eg wisdom.
He has already skillfully picked his hour to go to the people after a demented onslaught over the northern summer from the US "cracker" right.
Whether he has true vision, character, "heart", knowledge and luck and how carefully he will feel he has to tread on his journey through these times, history has yet to divulge.

Gosh!!!! Chris Berg from the esteemed Institute of Public Affairs thinks the protests are silly and pointless...

http://www.theage.com.au/opinion/politics/rebels-without-a-cause-indulge-in-delusions-of-revolution-20111008-1lf1i.html

So, back to business as usual then?

Most of you know that with the suppressing of coverage of the protests in the US by Murdoch and co, reportage is not always immediate.. You have to rely on your internet for news on this one.
For example, Facebook friends tell me that approximately eight hundred locations in the'States have, or are instigating, similar protests in their own locales, the most reported action I can see relates to Seattle, on the West Coast.
Mars 08, Berg and the IPA are about as much "esteemed" as the Boston Strangler, in my cosmology.

Oooops! Sorry for the confusion, Walter. It was a simple spelling mistake... I was supposed to write "eSTEAMed" IPA. Yeah... steam... as in the stuff that rises from a fresh turd. Hope that clears things up.

Good luck to all the OWS people everywhere.

It won't be easy for them. The MSM will demonise them or ignore them. Existing pressure groups (like organised labour and maybe some politicians) will try to co-opt them. Security forces (police and maybe spooks) will try to penetrate them with informers and provocateurs, and periodically violently assault them. In other words, they will be subject to the same pressures as were exerted on the anti-Vietnam protesters of the 1960s and 1970s.

From what little I've seen on the internet, most of them are too young to remember those days, but I wonder whether any of them have parents who remember and tell them stories.

I noticed with a sort of sour amusement how a commentator on previous US protest movements writing in Salon (the "attempt to change" hyperlink in the post) was very, very careful to avoid mentioning the anti-Vietnam war protests of the 1960s and 1970s. Just don't talk about it, guys, and maybe it will go away.